Bitcoin Forum

With the markets often manipulated and in the hands of the great whales, we small investors are at the mercy of violent downpours and sudden dumps, which erode or cancel the gain of months or years in a few months (as happened from December to today). How to try to protect yourself from all this?
Until recently there were only two possible ways: bank transfer out of the exchange to your bank (return to FIAT) or temporarily park their crypts and convert them into Tether, with all the risks involved.

In recent months, however, following the alleged rumors on the solvency of tether, alternatives to tether or bank transfer have been developed; they are the so-called STABLECOIN

1) TrueUsd (TUSD) which uses smart contracts to guarantee decentralization; coupled to the dollar, the euro, the yen, but also to precious raw materials, stocks and real estate

2) Dai (DAI) in which users block their ETHs in an intelligent contract within the MakerDao system, from which Dai is born; when you redeem the Dai, you get your ETHs again

3) Haven Protocol (XHV), when the system and the network will be mature and stable, through crypto haven it will be possible to keep crypto or fiat sending them to offshore storage contracts that will retain the value of that precise moment; Haven is Monero's fork, for which he inherits anonymity and stealth, as well as having RingCT.

4) Digix (DGX), is the first coin totally hooked to gold, in which 1DGX = 1 gram of gold, allowing us to actually purchase 99.99% LBMA gold standard, certified with Bureau Veritas audit and guarded at Silver Bullion's Safe House, redeemable in 100g or 1000g ingots by going to the Vault store in Singapore.

Then we have other little known and with very few volumes, but still valid, such as NUBITS and EURN
Finally there are several other projects ready to be born, among which I would mention:

Alchemint (SDT) coin launched on Neo blockchain, hooked and stabilized with Neo and then with gold, real estate and other crypto.

Carbon that will use Hedera Hashgraph's ledger (new alternative blockhain that uses Asynchronous Byzantine Fault Tolerance, the strongest form of security attainable for a distributed ledger), which incorporates an elastic policy adjusting the amount of money to market demand, maintaining stability price of $ 1.


In conclusion, today compared to a few months / year ago there are many more possibilities to protect our crypto earnings / savings when we see strong turbulence and market volatility. In some cases, if well exploited, these possibilities also allow us to earn rather than lose capital, such as token Digix in which we can exploit the bitcoin / crypto downtrend with the rise of gold, a safe haven.


Updating 28-03-2019

Tether  USDT                      https://tether.to/
USDC                                 https://www.centre.io/index.html
TUSD                                 https://www.trusttoken.com/trueusd/
Paxos  PAX                          https://www.paxos.com/pax/
GUSD                                 https://gemini.com/dollar/
USDS                                  https://www.stably.io/
X8X                                    https://www.x8currency.com/
Globcoin GLX                       https://globcoin.io/
Stasis                                 https://stasis.net/
Stronghold USDS                 https://stronghold.co/stronghold-usd
White Standard WSD            https://thewhitecompanyus.com/?utm_source=cryptoslate
Alchemint  SDUSD                https://alchemint.io/
Noku  EURN                         https://www.noku.io/
Corion                                  https://www.corion.io/
Steem Dollar  SBD                https://steem.com/

 
After these coins anchored and stabilized to the money FIAT, now in review the stablecoin hooked and stabilized, through intelligent and decentralized contracts, to the same cryptocurrencies
Crypto-collateralized Stablecoins

the most important, with the greatest capitalization and market share is
DAI                                                  https://makerdao.com/en/
Bitshares   BitUSD bitCNY  bitEUR       https://bitshares.org/
NuBits   USNTB                                 https://nubits.com/
Havven NUSD                                   https://www.synthetix.io/
Augmint A-Euro                                https://www.augmint.org/
Sweetbridge Network                        https://sweetbridge.com/


Hybrid Stablecoin Models

Reserve             https://reserve.org/
Saga                 https://www.saga.org/
Aurora Boreal   https://auroradao.com/platform/boreal/

Alternative Stablecoin Models

Phi                 https://dfinity.org/pdf-viewer/pdfs/viewer?file=../library/phi-dfinity-extended-v2.pdf
Stableunit       https://stableunit.org/
TerraMoney     https://terra.money/
Celo               https://celo.org/technology

Metal-backed Stablecoins

Digix              https://digix.global/
Tiberius Coin  https://www.tiberiuscoin.com/
Ekon   EKG    https://ekon.gold/

Thank you for sharing your information. All of your introduced coins are very far from my understanding. As I can see your thought, it's just a defensive portfolio to face up with dumping market. However, it's better to own passive income coins which can help you to earn dividend, such as: NEO, Tcash, icon...

Thanks for the info and tips on your listed coins.

However, my opinion is that all "stablecoins" are actually all scams. A true digital currency can never be stable, heck, even traditional currencies are never stable. Markets move and prices change, these coins are artificially faking "stable" value and will end up all being exposed as scams that they truly are.

Exactly they are defensive "coins" that protect your portfolio and assets during the market downturns, which can be violent and fast, or be very long and severe, like the current correction, or the past one of 2014-2015.
Passive income coins you say like Neo, Icon, Stratis, Nav, etc. they are good in a growing market but when it is falling sharply they do not protect your capital in any way; in fact since the beginning of January, Neo loses more than 60%, Icon 70%, Stratis 80%, etc ... as you can see you can earn between 5-7-10% of passive income but you lose much more with the currency.




At your first statement that they are scams I answer that even Ethereum for almost 90% of the community was considered a scam and even today many users say it; bitcoin is considered scam by great minds, economists and bankers in the western world; almost every coin here in bitcointalk is considered scam by some fulder.
Finally, if he says that stable coins artificially falsify their value and can never be stable, I do not answer you and tell you to go and study them before shooting crap, not knowing what to talk about.

yes, that right

There are some important news regarding stablecoins today.
First of all Tether has finally passed some audit. It has been made by law firm of Freeh, Sporkin & Sullivan LLP. You can read their summary here: https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf
And also TrustToken, the platform which is behind TrueUSD, has announced about gathering of 20 millions $ from investment companys such as BlockTower Capital, Danhua Capital, GGV Capital etc, during the strategic round of investments attraction.

We believe that stablecoins are of great importance to crypto economy.
We have compiled an overview of all existing Stablecoin projects (June 2018). You can check it out :) https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-819d183f6ac7

Excellent article
I am sure that with the maturing of the market, with the future launch of the first Bitcoin-related ETFs, and subsequently to the other main cryptocurrences, we will see the birth of many other STABLECOINs, safer and more solid than those of today, but I also fear that many stable of today they will fail and disappear.
There will be selection and evolution, as in every birth and growth of a new market.

Couldn't agree more! The race for the best stablecoin project has just begun. We will see in the future which one will prevail, and which one will disappear completely. But it is important to try and reach that "holy grail of crypto" and produce some really stable stablecoins, because that will most certainly benefit the whole community

At the moment the stablecoin which is moving better and growing in a sustainable and decentralized way (as in the spirit of blockchain and cryptocurrency) is definitely MakerDao, through Dai. It achieves its stability through intelligent contracts and the collateral (Ethereum), without the need for a guarantor.

MakerDao has just signed a partnership with Tradeshift, a leader in payments and supply chain markets, thus unlocking access to liquidity for companies around the world.
https://medium.com/makerdao/tradeshift-and-makerdao-leverage-blockchain-to-democratize-access-to-financing-for-worlds-small-98076fd05f86

The worst one is tether for sure, zero transparency. It has been disaster for the crypto community I hope new ones like trueusd will be better.

What do you think of the audit they finally provided? Can it be trusted?

Behind Tether there are very rich and influential characters, who have continued to make an avalanche of money with their new creature (tether itself), manipulating various exchanges to their liking (Bitfinex in the first place).

With the money you buy and do everything you want! ..... also an audit
Today more than yesterday!

The birth of new stable coins is fortunate

I will give myself a chance to consider those coins which you have been suggested here. At least, it gave me an idea which coins are stable and will invest those after I further studies all their specs.

Couldn't agree more!

How about the stablecoins that exist in a working environment? Imagine an ecosystem build on the Ethereum or any other blockchain that uses stablecoins only for fiat representation on the blockchain itself? What do you think will happen to these coins and how will they behave?

 

New Stable Coin launched 2 days ago in the market, this time created by the famous twins Winklevoss:
The Gemini dollar is a stable value currency that is issued by Gemini, a New York trust company, tightly anchored 1: 1 to the US dollar, and built on the Ethereum network according to the ERC20 for token standard. The Gemini Dollar (ticker symbol: GUSD) combines the creditworthiness and price stability of the US dollar with blockchain technology and the supervision of US regulators, namely the New York State Department of Financial Services (NYDFS).

https://medium.com/gemini/gemini-launches-the-gemini-dollar-62787f963fb4

https://gemini.com/wp-content/themes/gemini/assets/img/dollar/gemini-dollar-whitepaper.pdf

We will see if this new Coin (GUSD) manages to win the confidence of investors and new slices of the market.

Here is an updated version of StableCoins Overview report - https://docs.google.com/spreadsheets/d/17giG2v5I7CrtiftvXooTFWoHqA0NKnHyOoy5fE8Tfms/edit#gid=0

Big thanks to all projects who provided updates on their stablecoins - globcoin.io_ Havven BitShares Coin Minexcoin AAA reserve!

Terra and Gemini will be featured in our new update!

New update of public StableCoins Overview Report!

https://docs.google.com/spreadsheets/d/e/2PACX-1vTf2gZZJrpSXCxcx_pE4Sjta2lDnDXWbK0ARgoIw_HkYGoIdFtfi0QRJs3DFMnoaQm47cOxeS-0gSiI/pubhtml#

What's new? Terra, Gemini Dollar and CarbonUSD added!

Announced by the Eidoo Team the creation of a new stable currency attached to the precious metal, EKON, kept in the vault of the Eidoo headquarters in Lugano, Switzerland, and checked every 90 days (audit).

https://www.coindesk.com/swiss-crypto-startup-eidoo-announces-token-tied-to-the-price-of-gold/amp/?__twitter_impression=true

https://cryptonomist.ch/en/blockchain-en/eidoo-stable-coin/

https://blokt.com/news/eidoo-announces-new-erc20-gold-pegged-stablecoin

All specialized newspapers and magazines, forums, chats, reddit, twitter, etc. they are talking and commenting on the announcement of Circle to create its StableCoin (USDC); at the moment little news has been leaked except that at the launch USDC should exchange on Polinex (bought by Circle just a few months ago) as well as on OKEx, DigiFinex, CoinEx, KuCoin, Coinplug and XDAEX exchanges.

Many are saying that soon USDC will replace Tether and replace it soon.

https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/

There is no doubt USDC is a good addition to the space, but it is too premature for the talk of it displacing Tether, I know Tether is not perfect but with a marketcap of over $1 billion you need to do a lot before you catch up with that. For me the competion with help drive the prices of Crypto assets up.

The term stablecoin refers to any cryptocurrency coin or token pegged to an asset with a relatively stable price, such as fiat currencies or gold. A stablecoin can be under control of a central entity, such as Tether (USDT), or a Decentralized Autonomous Organization (DAO), such as Dai, a stablecoin which is issued on the Ethereum network. Nubits is another stablecoin which is partly controlled by a DAO, but is also under control by a central authority, representing a hybrid issuance model.

A stablecoin is typically backed by a reserve asset that has the exact equal value of the coin/token. The backup reserve can be a fiat currency, a precious metal (e.g. gold), or a cryptocurrency. The issuer, whether it is a central entity, or under control of a DAO, should only issue an amount of stablecoins equal to the backup reserve they own. New coins can be issued only when the backup reserve grows.

 Read the full guide  (https://www.cointelligence.com/content/stablecoins-guide/)

Another new stablecoin that joins the many existing ones; this in particular will be offered to an audience, the Japanese one, among the most open and available to innovations and crypts in particular, in addition to the country among the first to move towards regulation.

Let's see how these new coins will develop and evolve.

https://usethebitcoin.com/japanese-yen-stablecoin-coming-in-2019-via-notable-blockchain-fund/

And now you can add to your list the most trsuted one - Gemini coin which will be the best alternative for Tether because it will be backed by real dollar and they will have all requested audits.

I think I would use any of them safely especially trueusd, I suggest people not to use usdt, though there will probably be no problem, its past is not clear at all.

Agree with this totally! The thing is in as much as the USDC would be just another option in the space for stable centralized coin; it still does not just mean all of a sudden everyone would just discard the usage of tether completely.

There is absolutely so much to go around, and apparently like someone said, will be backed by real fiat eventually, and for the fact that Tether has grown huge over the years, and being widely used across board, makes it so hard for a new stable coin to just displace it, when it is not like it has something different or better to offer than just the capability to use it to hedge funds.

I do not see a way it is going to replace tether, because one way or the other the benefit will still be for the purpose of hedging of funds by investors and nothing else. This is not going to be the first stable coin after USDT as we have seen so many of them in the past and many more still popping up daily, so Circle coming up with their own USDC is only going to be backed by reserved assets at the end of it all, and would just be another option for those who want to trade and hedge their funds anytime they want to do so.

Sometimes I wonder if people read before writing or maybe they just do it because they have to reach the weekly post of their signature!

In this thread there are only 2 pages and about 30 posts; it was enough that you looked at the previous page and only 7 posts before yours and you realized that we have already talked about the coin gemini!

At the moment there is still an overwhelming predominance of Tether among the stablecoin with over 90% of all daily volumes, but it is a market that has just been born.

If we think about it, it reminds us of the beginning of the crypto market in which it took 5-6 years to go from the absolute domain of Bitcoin (which weighed for 80-90% of the market in 2013) to the 50% we have today.

Probably this market will also undergo this evolution and transformation, and this will be good for everyone!

https://www.ccn.com/tether-dominates-98-of-stablecoins-daily-trading-volume-report/

I think that after having the various hype on token with Masternode or with POS to Roi elevated, then we have moved on to have hype on decentralized exchanges, now the moment has arrived of the hype on the stablecoin, and maybe this is good because may significantly lower barriers to entry to the market, thus leading to massive adoption of blockchain technologies.

Here is an article where you can almost see a race to challenge the "shaky monopoly" of tether
https://theblockcrypto.com/tiny/paxos-takes-lead-circle-is-competing-gemini-is-losing/

I dont really like stable coin, why? its difficult to make profit on coin thats not have pump and dump scheme actually for dayli trader.

I think there is a race going on to launch stable coins, check this article Huobi exchange launching Stable coin HUSD pegged to USD https://www.prnewswire.com/news-releases/huobi-launches-husd-the-all-in-one-stablecoin-solution-300734710.html.

Since you have done a good research on stable coin, IMO stable coins are not decentralized. Do you think too many stable coins pegged to USD are riskier & in in future it will kill decentralization?

I'm very surprised that they released their own stablecoin after added 4 new kinds of stablecoin to their exchange.
In fact, I thought GUSD backed by Gemini should be strong in near future. https://gemini.com/dollar/

But those coins he introduced if you will only make a deep look,you’ll find future profit in some of them,but you are also right that passive income coin has great dividends than those not

BUt i will stick to my plan holding coins that is in top five position for sure profit in long term

We just published introductory piece to our review series - HOW STABLE COINS WORK?

Check it out - https://medium.com/cp-processor/how-stable-coins-work-35301e98c210

Wow. I can't believe I came across a post like this.

Educate yourself. A token can be made stable if it is:

1. backed by a valuable asset
2. redeemable

Fiat currencies do have slight fluctuations in price. However, the major currencies, USD, Euro, GBP, don't have huge and immediate changes that would render them, or anything backed by them, unstable.

What fiat currencies do have is a built in inflation. So in that respect, they are not stable, in terms of purchasing power, over long periods of time.

The best of both worlds is a stablecoin that not only doesn't lose value over time like fiat currencies do, but actually appreciates at a rate which keeps pace with inflation. A true store of value.

Read the whitepaper. It's all in there.

https://www.monetran.io/wp-content/uploads/2018/09/monetran-whitepaper-edited-9-27-2018.pdf (https://www.monetran.io/wp-content/uploads/2018/09/monetran-whitepaper-edited-9-27-2018.pdf)

   What is this s.h.i....  with stable coin, we just need more exchanges with Fiat pairs and that's it! first it's said Fiat is unstable and then stable coins with fiat pegging, what an irony!

Thank you for this well explained post about stable coin in bear market stablecoins are the only which can save our investment from the effect of volatility. But one must not rely on stablecoin too much as stable coins are inflationary and are not truly decentralised. Due to bear market there is huge rise in the stablecoins within last 6 months backed by USD dollar or some other assets like gold, precious metals , diamonds or real estate assets etc. But all this are inflationary isn't it???

In fact you are totally out of the way, the stablecoin serve to "protect" your capital temporarily, without going out in Fiat; for your pump & dump operations you have about 1900 coins available .... the choice is not missing!

Meanwhile, Coinbase has also officially introduced and introduced its stablecoin, next to the existing Fiat coins.

https://cryptodaily.co.uk/2018/10/coinbase-has-introduced-its-first-stablecoin/

Take a look at this questionnaire we made for our #StableCoinsREVIEW
We want to hear your thoughts. Is there anything else we should ask these stable coin teams?

https://medium.com/cp-processor/questions-for-stable-coins-review-e73ba5931171

After supporting the first, best known and great of the stablecoin, Tether, the producer Ledger understood the importance and the role that they will have in the crypto world all the new stablecoin and therefore decided to want to integrate others very soon, within the his two flagship devices, the dwarf if the blue.

https://www.coindesk.com/hardware-wallet-crypto-ledger-asia-stablecoins-usdt/

CAUTION! NOT ALL STABLECOINS ARE CREATED EQUAL!

https://medium.com/@dbielak/not-all-stablecoins-are-created-equal-3e738ba22b9f (https://medium.com/@dbielak/not-all-stablecoins-are-created-equal-3e738ba22b9f)

In the effort to further raise awareness on stablecoins in general, we decided to help make the first standardized stablecoins questionnaire.  It is essential that we all work together to create these standards.
Here is a link to the survey - https://docs.google.com/forms/d/1IyYMKDAZC3lwur-dggJ7_SlyY6eWhraW_NhO85mcgus

Thank you!

I totally agree with you and in fact for this I opened this thread 6 months ago; even then I understood the importance that stablecoin would have in the growth and adoption of cryptocurrency in new users and investors.

Today, after 6 months, we witness the birth of a new stablecoin practically every week, and this is good for the entire market because it eliminates, slowly, tether oligopoly and everything in the sector will benefit, as we have gone from a oligopoly of bitcoin and its blockchain to an evolution and multiplication of the latter, improving, expanding and enriching the entire market!

In addition to the growing number of new stablecoin issued, coupled to the US dollar or other assets, I believe that soon we will see new Coin issued by central banks to also ride the new market and not lose too much power.

"I think we should consider issuing digital coins". This is what was declared by Christine Lagarde, head of the International Monetary Fund (IMF), during a recent conference in Singapore.

https://cryptonomist.ch/en/2018/11/14/lagarde-central-banks-digital-coins/

But now there are too many stablecoins and I think this market is more extreme. There will be battles between whales and they will make the market always fluctuate. We should be careful when the market has too many stablecoins. That would be a good foundation for more whales to manipulate.

I do not think it's dangerous to have more stablecoin and I do not believe whales manipulate the market. Having more stablecoin is an opportunity for all of us users and for the market in general; the more choice there is, the more there will be growth and evolution!
It was also like that for Bitcoin; for years the only coin and blockchain of the market, or almost, and nobody was interested and noticed, but when the offer has expanded and many other coins and blockchains were born, we had the market boom, reaching almost 1 trillion $ at the end of 2017.

More stablecoin will be born ---- more users will be attracted to the new market ---- plus prices will grow when the whole market recovers.

Dear community, our abstract Evolution of money - Stablecoins is up for voting on FINTECH BOOK website!

Please support our idea and #stablecoins and help us get published in the next @PayTECHBook !
Login to their website and vote for us! Thank you! http://app.thefintechbook.com/thepaytechbook

This is a huge opportunity, not only for CP Processor, but for stablecoins in general. We have a chance to promote this idea in one of the most influential books in the financial ecosystem. Help us raise awareness on stablecoins - the future of  blockchain payments!

Hello CpProcessor, I will vote for you and support your initiative and your commitment.
I am also convinced that the stablecoin are fundamental for the development and growth of the whole system and market of cryptocurrency, and I consider fundamental the development and the birth of many other stable, which are flanked by Tether so as to expand more and more offer and availability.

I only hope that nations and governments do not even issue their stable, because I am sure that after a short time and without independent controls and audits, they would start to make fractional reserves even with the stable issued by them.

Among new stable coins i like DAI. With more liquidity it will be more interesting. As for my favourite stable coin,then I use USDT.
It is the only stable coin with sufficient liquidity, that's why I prefer it.

Even if you provide information like this, there will still be no one who can have a stable coin, surely they will have a coin that has an up and down movement, because if the price is too stable then that coin doesn't have an effect on demand.

Thank you, Kronos! We really appreciate your vote and your support!

I don't know if you are aware of this, but a month ago, Stablecoin Foundation was created with the sole purpose to define standards and in a way regulate this ecosystem. It is still in organizational stage, but we believe it will make a positive change in the market, and we fully support its creation.

I had read it quickly on a telegram chat but I had not studied it; I believe and I sincerely hope that this new foundation, besides promoting and spreading the adoption of these stablecoin among consumers, can also give serious regulation to the whole stable system.
Is this right? https://www.stablecoin.foundation/

I would not like that after the mania of the 1000 useless token of 2017/2018 in the next 2-3 years we instead witness the scraps of the stablecoin, issued on the market by companies and unscrupulous people and without real regulation and reserve behind.
In short, I hope a growth in the sector but with strict criteria and rules!

Finally, I also wanted to report the birth, for about 20 days, of the first stablecoin anchored 1: 1 to the British pound and held and verifiable in a UK bank account.
LBXPeg was officially launched on the new London Block Exchange on November 12th, as you can see from
https://etherscan.io/token/0xc4cbd96e860622edc6a601cfa62618ae44d986de

https://medium.com/@LBXSocial/lbx-mints-the-first-crypto-pound-peg-gbpp-e984677dc82

https://lbx.com/blog/lbx-peg/

I do agree, the nation will understand what is the purpose stable coin but they can easily control the flow of money because by issuing stable coin people will easily convert their cryptocurrency into their nation stable coins. For the government, it will be easy for them to track the people assets held by them.

Maybe if I was told to choose, I would choose Digix (DGX) because 1 DGX is equivalent to 1 gram of gold, and the price of gold every year always rises and continues to increase, but the question is, is it true that the price will remain stable and same as the price of gold / gram even though there will be a massive selloff later?

this information I just found out where there are coin coins that are an alternative bank transfer through fiat or are marking our coins to get the koi and also know there are several groups of coins with each technology

I still trust USDT, despite the fact that it was often accused of falsification. But now began to appear alternative stablecoins, four of them, TrueUSD (TUSD), USD/Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX) have been listed on OKEX, therefore, I consider them the most reliable.

Yes, that is the one we were referring to. We share your concerns and hope.

As per the newly issued stablecoin, thank you for sharing. We will research it and possibly include it in our Stablecoin Overview report - https://docs.google.com/spreadsheets/d/e/2PACX-1vTf2gZZJrpSXCxcx_pE4Sjta2lDnDXWbK0ARgoIw_HkYGoIdFtfi0QRJs3DFMnoaQm47cOxeS-0gSiI/pubhtml#[/b][/size]

Dear community, here is the first in the series of stablecoin reviews performed of the TrueUSD (#TUSD).

The goal is to further raise awareness on stablecoins, and help people understand how they work and what is their overall potential.

Hope you will find them useful!

https://medium.com/cp-processor/stable-coin-review-trust-token-tusd-60bc0a3178f2

Digix serves above all to protect and diversify your capital, "parking" precisely on the well-preserved refuge oldest and used by man: gold! But this does not mean that you are not subject to descents or even collapses; as you can see from any chart also gold is subject to cycles, wider than other assets, and rebates, even important ... so it will also be Digix, which will follow the trend of the yellow metal.
So be careful though  ;)
Take a look also at Ekon, in the launch phase.


Greater supply means less manipulation by a few and greater security and choice on our part, but attention must be paid.


You're doing a nice job Cp_processor
Thank you and continue  ;)

I never encounter those coin you havs listed in this thread. Those stablecoins you have mentioned are not in my watchlists. Even, I want to buy some of these, I can't because I don't have enough funds. Maybe, I will appreciate that once I got my payment in my bounties. But as of now, I think I cannot but them all.

Dear community, here is the second in the series of stablecoin reviews performed of the USD COIN (#USDC).

The goal is to further raise awareness on stablecoins, and help people understand how they work and what is their overall potential.

Hope you will find them useful!

https://medium.com/cp-processor/stable-coin-review-usd-coin-usdc-c7cf78c81dfb

good space to compare at https://www.coingecko.com/en?category_id=36&view=market
tether still dominant?

After a first phase of birth and supply of numerous stablecoin, obviously very far from being completed, we begin to witness a first "commercial war" related to the fees associated with the stable; the first to move in this direction is among the first born after tether and the largest candidate to become the number 1 stable on the market, after years of tether rule in fact.

Obviously I'm talking about USDC and Circle / Polinex

https://www.ccn.com/stablecoin-wars-poloniex-extends-fee-free-usdc-trading/

We have just published third in the series of stablecoin reviews - Gemini Dollar (GUSD)
Find out more about their market cap, trading pairs, procedures for buying and redeeming GUSD and many more in this article

https://medium.com/cp-processor/stable-coin-review-gemini-dollar-gusd-7f3ad1ac18d4

For dozens of new stablecoin coming out every day it is almost strange to read the news of one of the best-known stablecoin projects, BASIS, which is shutting down and returning almost all of the capital raised to investors, due to difficulties emerging from the regulatory point of view.
The company had raised $ 133 million during the year
financing

https://www.theblockcrypto.com/2018/12/12/stablecoin-project-basis-is-shutting-down-and-returning-the-majority-of-capital-raised-to-investors/

Dear community, here is the review of the stablecoin PAXOS STANDARD (#PAX). Paxos Hope you will find it useful. Comment if there is anything we forgot to mention in this review. We would love to hear your opinion.

https://medium.com/cp-processor/stable-coin-review-paxos-standard-pax-892ef3fd24c8

STABLECOIN is a coin that is specifically created stablecoin crypto has stable characteristics. The goal is to create a stable coin, which is to provide the benefits of cryptocurrency with the stability of the US dollar volume equation. With the creation of stable drugs it is hoped that fiat money can be converted into a decentralized digital currency. In addition, like the fall of the price of a 50% bitcoin can be avoided

if you really want to find a coin that has a stable price it will not be possible because at any time the coin can have price movements up and down. whereas the coin you mentioned at the moment the price has a price decrease and I conclude that there will never be a coin that can be stable.

Check out this stablecoin page (https://coincodex.com/stablecoins/), there's a list of all stablecoin and information about price movements, volume, and marketcap. You can also see comparison between multiple stablecoins.

i think you're leaving an important stablecoin.. one that is non-collateralized and not pegged to fiat or gold. Have you looked into ampleforth's elastic supply protocol?

Thank you for bringing back the page, but anyway if you scroll the posts back you will find other pages with an updated list of all the stablecoin outputs so far on the market.


I do not know this stablecoin; why do not you report the news you know?
Thank you.

It's been a long time since I've updated this page and today the moment has arrived, for a big news launched yesterday by a consortium of blockchain companies including Uphold, FBG Capital, Cred, Blockchain in Berkeley and Brave. This group is now launching a digital asset called Universal Dollar (UPUSD).

The UPUSD will be completely transparent and will change to a 1: 1 ratio with the US dollar, which will be held at local FDIC insured banks. This new stablecoin will allow investors to access higher returns on their deposits, while gaining more accessible credit. At this time, the token will give users access to a credit line of $ 250 million, which has an interest rate of between 2% and 5% and allows the user to participate in flexible loans.
The Uphold platform supports the currency right now.

For more information
https://bitcoinexchangeguide.com/new-universal-dollar-upusd-stablecoin-by-universal-protocol-alliance-enters-crypto-market/

https://news.bitcoin.com/universal-protocol-alliance-launches-interest-paying-stablecoin-upusd/

Hey everyone,

There's one reliable stablecoin which has not appeared in this thread. In my opinion anyone should check EURS stablecoin. It is regulated under Maltese law and fully transparent. You can check more info here: https://stasis.net/

I haven't ever really looked into Neo's stablecoin, would love to learn more. What's everyone's thoughts?

compare all stablecoins, here you go
https://www.coingecko.com/en?category_id=36&view=market
and
https://www.coingecko.com/en/coins/compare?coin_ids=tether%2Cusd-coin%2Ctrue-usd%2Cpaxos-standard%2Cdai%2Cgemini-dollar%2Cstasis-eurs%2CbitCNY%2Cstableusd%2Cnusd%2Cnubits%2Cbitusd%2Cconstant
DYOR

I am wondering why everyone cling to USD pegged stablecoins. Community needs euro pegged stablecoins as well. If we talk about stablecoins pegged to euro, the most viable project seems to be www.stasis.net. They have created EURS with maximum transparency of the reserves and solid legal opinions. What other projects have impressed you?

Yeah, we have a lot of stable coins in the crypto market and they have their advantage and disadvantage, I personally don't like stable coin but I always trade them to make profit in the market. For example, once I study the chart and see that there would be a dip in the of bitcoin, I just swap my bitcoin to any stable coin especially USDT until the dump occur, then I buy back into the market thereby increasing the value of my bitcoin, I can earn up to 0.03 Btc daily carrying out this strategy.

I have participated in one bounty campaign where I promoted DiamCoin, stablecoin backed by real diamond, not backed by some worthless papers like others.
You can add it to your list :).

Have you heard about USDX? I participated in their airdrop when they managed the tokensale. It should be backed 1to1USD, but people are selling it incredible cheap. Do not understand that.

That's why transparency of the reserves is important. I haven't really heard about this token, but most probably it is because investor are not sure that each USDX is backed by 1 USD and therefore selling it cheaper.
Good stablecoins like TUSD, USDC, STASIS EURS focus on transparency and trying to get audits from high ranked audit companies. Transparency is an important aspect of stability of the stablecoin :)

That caused by they have no reserved funds and they have created bullshit promise. airdrop hunters don't care about the price and these hunters look so pathetic for me. they are all money whore. they never think what will happen if the market goes down a lot.

I think this year just like last year we will see more and more temptations for stable altcoin creation maybe we will the more promising project this year good luck for all

In fact you don't have to like them but they must be functional to a specific purpose: to temporarily park your money "out of the market", when you foresee sudden drops.

The stablecoins have no technology behind them, such as Bitcoin or Stellar or Cardano or VeChain, so you don't have to like them; their function and the purpose for which they were born is something else, and from what you say you understood perfectly.

I think that now all the most aimed at stabilizing the cryptocurrency. Maybe it will be a new trend. However, I don't really like this trend. I do not know whether it will lead to something good or not.

It was and will be deceptive projects like that. But it is more reliable to try at least those who have more volume. Today there are tens of stable currencies with better volumes listed on coinmarketcap. check them.

I placed the initial post of opening the wire, adding the link to the coins and I divided the same in a more intuitive way, depending on the underlying to which they are attached.
This first list will be followed by the stablecoins that have a FIAT collateral

The first on the market, the largest, with the highest capitalization and market share (over 70% and $ 2 billion)
Tether  USDT   https://tether.to/

the second in order of magnitude USDC ($ 250 million and about 9% share)
https://www.centre.io/index.html

third on the market is TUSD (200 million and about 7% of share)
https://www.trusttoken.com/trueusd/

gradually following
Paxos  PAX                          https://www.paxos.com/pax/
GUSD                                 https://gemini.com/dollar/
USDS                                  https://www.stably.io/
X8X                                    https://www.x8currency.com/
Globcoin GLX                       https://globcoin.io/
Stasis                                 https://stasis.net/
Stronghold USDS                 https://stronghold.co/stronghold-usd
White Standard WSD            https://thewhitecompanyus.com/?utm_source=cryptoslate
Alchemint  SDUSD                https://alchemint.io/
Noku  EURN                         https://www.noku.io/
Corion                                  https://www.corion.io/
Steem Dollar  SBD                https://steem.com/

 
After these coins anchored and stabilized to the money FIAT, now in review the stablecoin hooked and stabilized, through intelligent and decentralized contracts, to the same cryptocurrencies
Crypto-collateralized Stablecoins

the most important, with the greatest capitalization and market share is
DAI                                                  https://makerdao.com/en/
Bitshares   BitUSD bitCNY  bitEUR       https://bitshares.org/
NuBits   USNTB                                 https://nubits.com/
Havven NUSD                                   https://www.synthetix.io/
Augmint A-Euro                                https://www.augmint.org/
Sweetbridge Network                        https://sweetbridge.com/


Hybrid Stablecoin Models

Reserve             https://reserve.org/
Saga                 https://www.saga.org/
Aurora Boreal   https://auroradao.com/platform/boreal/

Alternative Stablecoin Models

Phi                 https://dfinity.org/pdf-viewer/pdfs/viewer?file=../library/phi-dfinity-extended-v2.pdf
Stableunit       https://stableunit.org/
TerraMoney     https://terra.money/
Celo               https://celo.org/technology

Metal-backed Stablecoins

Digix              https://digix.global/
Tiberius Coin  https://www.tiberiuscoin.com/
Ekon   EKG    https://ekon.gold/

Haha please learn the stablecoins which is shared by kronos above. These kind of bounties will not be consider as stable coin buddy. The coins which is similar value to the fiat cash like USD, GPR and etc...
These coins widely used to hodl and make profit in trading. Most of the people locked their value and made the profit in this option only. If they are not having such stablecoins then most of profit makers did not achieve it.

Universal Protocol Alliance project announced that it will be launching a new Euro-pegged stablecoin called Universal Euro.

https://coincodex.com/article/3329/universal-protocol-alliance-will-launch-euro-stablecoin-that-can-be-staked-for-interest/

Nice summary tho. i just hope this stable coins are reliable enough will emerge into the market. Im really looking forward to these coins posted in here.

Thank you for this wonderful review on stablecoins. Just wanted to mention that STASIS is issuing stablecoin EURS pegged to euro, the stablecoin is not called stasis. STASIS is a tokenization platform. We provide a full-service tokenization platform, including token creation/redemption, third-party audits, custodial services, and deep expertise in current regulatory environment.

stable coin comparisons with other altcoins certainly have advantages and disadvantages, with stable coins you will not be too afraid to suffer losses.
but for those of you who like to speculate, it seems like a stable coin doesn't really suit you.

Hi everyone,

It's nice to see a thread on stablecoins. EURS seems to be the best stablecoin pegged to euro? Are there any other options?

Looks like that's the real purpose of stable coins, I do the same thing as you,
as there is no point to me in holding a stable coin because it won't give you much profit or no profit at all for holding long term,

There is also the NOKU project with the 3 stablecoins anchored to Euro (EURN), Swiss Franc (CHFN) and British Pound (GBPN), but it is still little known and widespread, despite the fact that Ico has been closed for more than 1 year.

However, even if you are European, it should not make a difference where you temporarily "park" your crypts, dollars or pound or euro or yen, they are only temporary parking lots when you think the market drops sharply.

Partially agreed. However, it's easier to count the wealth in euro.

What do you think about EURS btw?

compare ... https://www.coingecko.com/en?category_id=36&view=market ... dream

It seems to me that every user of cryptocurrency who decided to deal with stable coins must still direct his funds to several such projects. You can not blindly trust the cryptocurrency equivalent of the euro, since cryptocurrency is equivalent to the dollar. That is why it is better to distribute them into equal parts.

There is no doubt we need more Stablecoins, it helps he space positively, that is why I always say people do not give Tether much credit for their service to the space, talking of opportunity, for me I think Dai is the one that present the best opportunity in the space through their Defi platform

I am really interested to see how the MakerDao system pans on especially with their pegged Dai. I think it's a rad idea once you're able to wrap your mind aroudn it

I have repeated several times, also elsewhere, that I personally consider Dai and its MakerDao ecosystem the best of the Stablecoin releases in the last 2 years; but this does not mean that it is 100% reliable and I would not recommend putting all your savings into one stable, but it is always preferable to divide on more coins.

What are your thoughts about EURS?

It seems to me that this is also a fairly good stable coin, like the USDT.  The fact is that the relevance of the EURS will have a regional affiliation.  But if we take into account the possibilities of the cryptocurrency market, then any stable coins will increase their relevance when the cryptocurrency market begins to fall.

I think the metal based stable coin are the future of the stable coin industry they have intrinsic values and can be merged easily by AI. Good luck for all :)

I am not sure you can compare USDT where you are not aware of whether they are backed by fiat USD; and EURS where they upload daily statements and have audits from BDO.

in any case, any stable coin must have a product that provides value.  It can be gold or other valuable metals, as well as any product that is valued throughout the world.

Exactly one year after the opening of this thread, many new stablecoins were born and have gradually established themselves on the market, but Tether remains firmly the most traded and used stable on the markets, despite the thousand doubts, accusations and concerns that spread periodically among investors; very often we even see that the daily volume traded on Tether exceeds that on Bitcoin (as happened in recent weeks).

At the moment, the total capitalization of all Stablecoins is around $ 4 billion, around 2% of the entire market.

https://diar.co/volume-3-issue-15/#1

Another new euro-stablecoin, EURM, issued by Moneyfold, which in 2018, graduated from a regulatory sandbox promoted by the Financial Conduct Authority in the United Kingdom, achieving FCA approval for issuance of fiat-backed toens on the Ethereum blockchain - regulated electronic money on a public blockchain.

We will see the first EURM soon on the EIDOO multi-function platform, with which Moneyfold has formed a partnership.

https://cryptonomist.ch/en/2019/05/24/moneyfold-stablecoin-pegged-to-eur/

Sometimes I think for what has a stable coin, if you are a trader can it be traded? if you are an investor can it be an investment asset? that's what I think.

Why are stable coins even harder to lead the market? BTC almost controls> 50% of the total market capitalization, even though it's only one type of coin,

A little hard maybe, because traders and investors will look something that can make them profit and it means it have a lot of volatile. Because pump and dump is something that traders look for.

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Stablecoin is actually one of the things that helps investors as we are not affected by whale manipulation strategies. I really appreciate this. But we still need knowledge to choose the best stablecoin for a cheap fee. USDT is really good but its fee is quite high. In the future, I will look for stablecoin with lower transaction fees.

It would be nice if a cryptocurrency, which is equivalent to a dollar, was provided with gold reserves or a dollar.  In such a cryptocurrency would be much more confidence and it would be valued better than the USDT.

I think the future is with decentralized stable coin such as dai because the real added value of the blockchain is caught right there the decentralization give people ease of mind and trust in the system

STASIS has designed the most transparent stablecoin backed by euro: https://stasis.net/transparency/

https://www.youtube.com/watch?v=kDTpBgz8HqU

You leave your money in the bank, but do you actually know what they do with it? Gregory Klumov explains how the blockchain can be used to quantify our trust in financial institutions, so we only give our money to institutions who deserve it.

You can add recently created: DiamCoin, Anchor, USDQ that are growing from the bottom, but have promising future. Instead of Tether they offer decentralization and improved stability.  :)

We have added USDQ to Stablecoins - https://stablecoins.live/usdq/summary, we will look for DiamCoin and Anchor.